If you like this presentation – show it...

Slide 0

Key differences between Onshore Yuan & Offshore Yuan 4

Slide 1

Onshore and Offshore Yuan: 1. CNY (Onshore) for the actual currency used within the Chinese borders. 2. CNH (Offshore), the deliverable version of the Yuan, which can only be maintained and freely exchanged outside of China. As of this writing, one can only do so in Hong Kong and Singapore.

Slide 2

What is offshore renminbi and how does it work? As China began to open up its economy, it wanted its currency to be used in the international market to settle trade and financial transactions, but without fully opening up its capital account. Hong Kong, which has served as an international hub for mainland China, naturally happened to be a great place for an offshore renminbi market. Singapore, Taiwan, and London have since developed their own offshore renminbi markets. It began with the development of the personal renminbi banking business in 2004, when renminbi deposits were allowed in Hong Kong. Bank of China (Hong Kong) was designated as the sole offshore renminbi clearing bank sometime in 2004.

Slide 3

Difference between Onshore Yuan (CNY) and Offshore Yuan (CNH):

Slide 4

Slide 5

Slide 6

Get eBooks Website Thank You! Don’t forget to follow Kotak Securities on SlideShare to get regular updates! DEMAT Account

Slide 7

Disclaimer: Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051, Telephone No.: +22 43360000, Fax No.: +22 67132430. Website: www.kotak.com. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF 011133230, MSEI INE 260808130/INB 260808135/INF 260808135, AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586.  NSDL: IN-DP-NSDL- 23-97. CDSL: IN-DP-CDSL-158-2001. Compliance Officer Details:Mr. Manoj Agarwal. Call: 022 - 4285 6825, or Email: ks.compliance@kotak.com . In case you require any clarification or have any concern, kindly write to us at below email ids: Level 1: For Trading related queries, contact our customer service at ‘service.securities@kotak.com’ and for demat account related queries contact us at ks.demat@kotak.com or call us on: Online Customers – 30305757 (by using your city STD code as a prefix) or Toll free numbers 18002099191 / 1800222299, Offline Customers – 18002099292 Level 2: If you do not receive a satisfactory response at Level 1 within 3 working days, you may write to us at ks.escalation@kotak.com or call us on 022 – 4285 8445 and if you feel you are still unheard, write to our customer service HOD at ks.servicehead@kotak.com or call us on 022-4285 8208 Level 3: If you still have not received a satisfactory response at Level 2 within 3 working days, you may contact our Compliance Officer (Name:Mr. Manoj Agarwal) at ks.compliance@kotak.com or call on 91- (022) 4285 6825. Level 4: If you have not received a satisfactory response at Level 3 within 7 working days, you may also approach CEO (Mr. Kamlesh Rao) at ceo.ks@kotak.com or call on 91-(022) 6652 9160. Investments in securities are subject to market risk; please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Derivatives are a sophisticated investment device. The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts. Mutual Fund Investments are subject to market risks, please read the offer document carefully prior to investing. Kotak Securities Limited is a distributor of Mutual Funds. Kindly note that investments in Mutual Funds are made on the basis of the POA executed at the time of registration. Kotak Securities Limited is a distributor of IPO. Kotak Securities Limited is a distributor of Bonds and Debentures. The Bank account will be opened with Kotak Mahindra Bank Limited and Trading and Demat account with Kotak Securities Limited. This is an editorial content, our research should not be considered as an advertisement or advice, professional or otherwise. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile, and the like and take professional advice before investing.